Apr 18, 2013 4:00am EDT
inconclusive elections, italy remains without a government. hopes that the main parties would form a grand coalition have been dashed by political squabbling. they talk about coalitions, they are finished. the story is finished. another story will start. why do you continue with this talk of coalition? >> attention now has turned to the election for successor george nepal ton know, whose term ends on may 15th. whoever takes over will have the key task of trying again to form a coalition or call fresh elections. so the president is chosen by an electoral college comprised of all national lawmakers and some regional representatives. to win any of the first three rounds, a candidate has to win two-thirds of the potential vote. from the fourth round on, an absolute majority is enough for victory. here are some of the suggested candidates. the five-star movement are backing left wing spishan stephaneo berdosa. many would back romano prodi. but prodi does not win berlusco berlusconi's report. the one candidate who appears to have united both berlusconi and bersani is former senate speaker franco
Apr 22, 2013 4:00am EDT
government. this after the 87-year-old was re-elected for an unprecedented second term on saturday after politicians failed to agree on another candidate. he is expected to form a bipartisan cabinet. he's thought not to favor or relish the idea of fresh elections. still, his re-election has been met with anger by some including beppe grillo blasting it as a traditional party trying to hang on to power. >> they have chosen, again, a president instead who is able to guarantee the judicial power of this country in order to save berlusconi's [ bleep ] and save the left [ bleep ] with regard to the monte depasco scandal. >> politicians have been urged to finally form a government or risk a long recession in the country. georgeo said italy is not belgium and needs a government. governing in italy, quote, is not easy and almost impossible. on that note, let's introduce david riley. >> morning, kelly. >> we want to talk to you about the uk just being down. we've got all this news out of italy over the weekend. >> clearly, they need to address this impasse. i think the best possible outcome, i gu
Apr 18, 2013 9:00am EDT
in france and in spain. today, although italy's parliament still struggling to elect a president in their first vote. our road map begins with all that market volatility. we were up, then down, then up. we'll look at whether another triple digit move on the dow today could play out. >>> apple dipped below $400 a share yesterday. closed above that. this morning verizon reporting strong activations for the iphone for the last quarter. will that help this stock that's been in free fall? >>> pepsi beating expectations this morning. jim has an interview with the ceo. >>> paypal under pressure this morning, facing increased competition from amazon and others. we'll break down numbers and talk exclusive to john donahoe, ebay's ceo coming up. >>> futures on the rise after yesterday's drop of 138 points in the dow which is now posted three consecutive days of triple digit moves, including the big sell-off, 266 on monday an tuesday's rebound. just two weeks ago the s&p came within two points of 1,600. leads us to sort of a broad discussion of where we are in corporate earnings. i see two-t
Apr 18, 2013 6:00pm EDT
to do. >> well, to me the stock market is the voting machine and the voting machine says you've been re-elected. that's indra nooyi, chairman and ceo of pepsico. thank you so much. great to meet you on "mad money." thank you. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind scenes for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. how's that for an encore? but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspe
Apr 18, 2013 11:00pm EDT
to do. >> well, to me the stock market is the voting machine, and the voting machine says you've been re-elected. that's indra nooyi, chairman and ceo of pepsico. thank you so much. great to meet you on "mad money." thank you. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. "mad money" is back on campus next week, thursday, april 25th, and i need to hear from you, nova! shoot a tweet to our team, @madmoney and show us how you're getting ready for the show. we want your pics, your videos, whatever you've got, and you might have the opportunity to be on the lightning round. in fact, i think we already have one from @nicky, nova's woman's track and field is so excited for "mad money"
Apr 18, 2013 6:00am EDT
the last election, wall street ceos go to washington and have a meeting with the president. they come back and they would whisper, he doesn't get us, he doesn't like us, this is miserable, this is awful. has anything changed meaningfully in terms of the relationship and the way you think the president and wall street are approaching each other? >> i'll speak for our side. i can't speak for the president of the united states. but i would say this last meeting we had with the president a few days ago was constructive. the members of the financial service this morning made it very clear that we want to play a role in 3406g the economy forward and having a set of conditions in our capital market that would add to lending. and putting people back to work. >> how about in the way he's approaching it, meaning people would come back and say, andrew, it's lip service is. very happy to walk into the white house, but great, a big nothing. >> i would say there has been a lot more outreach on the part of this administration towards the business community in general and the financial sector. and we've b
Apr 23, 2013 6:00am EDT
been one where there has been a lot of uncertainty. part of that by our election and the changing government in china. and part of it uncertainty by what's going on in europe. as these things settle out. as china gets more secure in its path forward based on government change, as we continue to make progress in this country towards our issues, i think you will see that confidence build. industrial production only 1% in the first quarter. it's predicted to be 2.5% of the year. auto builds down 1% in the u.s. i'm sorry. down 1% in the world in the first quarter. supposed to be up 2% for the year. so i think there's a belief that 2013 is going to strengthen with each quarter as we go through it. >> ellen, thank you very much for joining us today. >> great. it's a pleasure. thank you, becky. >>> when we come back, apple trying to turn things around after a tough winter. up next, we will get a preview from analyst paul meeks. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services...
Apr 23, 2013 9:00am EDT
. not going to run for re-election next time around. that throws open a washington game of musical chairs here as to who will get the gavel. they are so involved in writing tax policy in the country. looking at the list, you see senator rockefeller will be in line. he already said that he's retiring. so ron widen, a democrat from oregon state would be the guy in line here. he is a more liberal senator. he recently participated in the filibuster on drones. a roguish personality here. it's not a guarantee he will be the guy who gets the chairmanship. somebody else more senior from another committee could bump him. >> thanks. the market is surging today. we will show you how you may want to play this rally here. first rick santelli is going to talk housing in the show. rick? >> absolutely. there was never much talk about reforming the gse like freddie and fannie when they were losing money. there's a lot less talk about it now that they are starting to make some money. we have dr. anthony sand ers on and he will talk about that and who may replace ed demarco. you see him every first friday on cnb